Skyline Grows 1Q RV Sales, Reports Net Loss
Skyline Corp. posted an increase in recreational vehicle sales for its fiscal 2012 first quarter while reporting a net loss for the period, as the manufactured housing market remained soft.
RV sales were up 39%, growing from $15.2 million a year ago to $21.1 million. Unit shipments for travel trailers and fifth-wheels increased approximately 44% from the year prior while industry shipments for these products during the period decreased approximately 2%. Housing sales were down 5%, slipping to $29.1 million from $30.6 million.
The Elkhart, Ind.-based builder reported a net loss of $6.8 million compared to $6 million last year.
To keep in line with demand, on May 31 Skyline ceased housing production at its Bristol, Ind., facility to produce RVs. The conversion is scheduled to be completed Oct. 31. The company also closed a housing facility in Fair Haven, Vt.
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